N1ES.DE vs. QDVA.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) are both exchange-traded funds - N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG, while QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 28.68%/yr for QDVA.DE. A 0.77 correlation means they provide meaningful diversification when combined. N1ES.DE charges 0.25%/yr vs 0.20%/yr for QDVA.DE.
Performance
N1ES.DE vs. QDVA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, N1ES.DE achieves a 21.31% return, which is significantly lower than QDVA.DE's 30.20% return.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
QDVA.DE
- 1D
- -2.00%
- 1M
- 10.68%
- YTD
- 30.20%
- 6M
- 29.85%
- 1Y
- 37.18%
- 3Y*
- 28.68%
- 5Y*
- 15.17%
- 10Y*
- —
N1ES.DE vs. QDVA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 30.20% | 5.11% | 40.00% | 5.98% | -13.66% | -0.41% |
Correlation
The correlation between N1ES.DE and QDVA.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.77 |
The correlation between N1ES.DE and QDVA.DE has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
N1ES.DE vs. QDVA.DE — Risk / Return Rank
N1ES.DE
QDVA.DE
N1ES.DE vs. QDVA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) and iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| N1ES.DE | QDVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.35 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.89 | -0.19 |
| Martin ratioReturn relative to average drawdown | 10.62 | 12.67 | -2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| N1ES.DE | QDVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 1.96 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.83 | -0.02 |
Drawdowns
N1ES.DE vs. QDVA.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, smaller than the maximum QDVA.DE drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and QDVA.DE.
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Drawdown Indicators
| N1ES.DE | QDVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -33.34% | +3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -9.48% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -25.56% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.56% | — |
Current DrawdownCurrent decline from peak | -0.74% | -2.00% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -6.84% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 2.91% | +0.87% |
Volatility
N1ES.DE vs. QDVA.DE - Volatility Comparison
The current volatility for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) is 4.64%, while iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) has a volatility of 7.65%. This indicates that N1ES.DE experiences smaller price fluctuations and is considered to be less risky than QDVA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| N1ES.DE | QDVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 7.65% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 15.66% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 18.82% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 19.11% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 19.19% | +1.54% |
N1ES.DE vs. QDVA.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is higher than QDVA.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
N1ES.DE vs. QDVA.DE - Dividend Comparison
Neither N1ES.DE nor QDVA.DE has paid dividends to shareholders.
Frequently Asked Questions
N1ES.DE and QDVA.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for N1ES.DE.
N1ES.DE is categorized as Nasdaq-100, while QDVA.DE is Momentum. N1ES.DE tracks Nasdaq 100® ESG, while QDVA.DE tracks MSCI USA Momentum Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for N1ES.DE and 0.20% for QDVA.DE.
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